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Fulton Street Transit Hub on track
Funding is in hand and schedules are in place
Though construction plans at the World Trade Center site are stalled, the Fulton Street Transit Center is back on track. At last night's meeting of Community Board 1's World Trade Center Redevelopment Committee, Metropolitan Transportation Authority (MTA) representatives reported that consensus has been reached on costs and schedules, and that funding is now in place to deliver on the project's original goals.
The funds include $847 million from the federal government, $129 million from the MTA and $424 million in stimulus funds, for a total of $1,400 million. The majority of the money will go to complete construction below ground.
Some of the milestones include completion of the northbound platform of the R/W Cortlandt Street station by December 2009, a new entrance at William Street by May 2011, a new connection from the A/C to the 4/5 trains at Fulton Street by August 2011, a rehabilitated 4/5 Fulton Street station and a new entrance at Dey Street by July 2012 and a new escalator to John Street and the opening of the Dey Street concourse by November 2012.
By December of 2012, the MTA expects to have restored the Corbin Building and added first floor retail space. The Transit Center building with its glass oculus is expected to open in June 2014.
"This is a positive step in rebuilding our community, which was interrupted on 9/11 and again with the recent financial downtown," said World Trade Center Redevelopment Chair Catherine McVay Hughes. She noted that "the MTA will have about 25,000 square feet of retail space that will address the needs of a 24/7 community."
The MTA has committed to quarterly updates, she said, "and will bring their retail consultant at the appropriate time."
- Terese Loeb Kreuzer